How much does a Construction Loan Officer make in the United States? The average Construction Loan Officer salary in the United States is $109,007 as of June 27, 2024, but the range typically falls between $83,293 and $129,809. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. 

Construction Loan Officer Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Construction Loan Officer Salary $59,881 US June 27, 2024
25th Percentile Construction Loan Officer Salary $83,293 US June 27, 2024
50th Percentile Construction Loan Officer Salary $109,007 US June 27, 2024
75th Percentile Construction Loan Officer Salary $129,809 US June 27, 2024
90th Percentile Construction Loan Officer Salary $148,747 US June 27, 2024
25% $83,293 10% $59,881 90% $148,747 75% $129,809 $109,007 50%(Median) Didn’t find job title? Click
Change Search Criteria

What skills does a Construction Loan Officer need?

Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

1.

Customer Service: Customer service is the provision of service to customers before, during and after a purchase. The perception of success of such interactions is dependent on employees "who can adjust themselves to the personality of the guest". Customer service concerns the priority an organization assigns to customer service relative to components such as product innovation and pricing. In this sense, an organization that values good customer service may spend more money in training employees than the average organization or may proactively interview customers for feedback. From the point of view of an overall sales process engineering effort, customer service plays an important role in an organization's ability to generate income and revenue. From that perspective, customer service should be included as part of an overall approach to systematic improvement. One good customer service experience can change the entire perception a customer holds towards the organization.

2.

Underwriting: Underwriting services are provided by some large financial institutions, such as banks, or insurance or investment houses, whereby they guarantee payment in case of damage or financial loss and accept the financial risk for liability arising from such guarantee. An underwriting arrangement may be created in a number of situations including insurance, issue of securities in a public offering, and bank lending, among others. The person or institution that agrees to sell a minimum number of securities of the company for commission is called the underwriter. The name derives from the Lloyd's of London insurance market. Financial bankers, who would accept some of the risk on a given venture (historically a sea voyage with associated risks of shipwreck) in exchange for a premium, would literally write their names under the risk information that was written on a Lloyd's slip created for this purpose.

3.

Mortgage Lending: A mortgage loan is a secured loan that allows you to avail funds by providing an immovable asset, such as a house or commercial property, as collateral to the lender.

Customer Service 5.9%
Underwriting 1.74%
Mortgage Lending 1.04%
Others 91.32%
download asset banner
Facing Salary Structure Challenges? Let Our Expert Guide You
The job market is increasingly challenging. Our whitepaper, Navigating the Challenges of Creating Salary Structures, offers guidance on creating salary structures. Provide your phone number and work email to download the full version.
We will handle your contact details in line with our Privacy Policy. If you prefer not to receive marketing emails from Salary.com, you can opt-out out of marketing communications at any time by clicking unsubscribe.

Job Description for Construction Loan Officer

Construction Loan Officer sources and structures construction loans. Performs a due diligence review of potential borrowers, including risk and financial analysis. Being a Construction Loan Officer analyzes applicants' credit and financial status and obtains property appraisals to determine the feasibility of granting loans. Develops relationships with builders and developers to obtain referrals and future lending opportunities. Additionally, Construction Loan Officer structures construction loan terms and conditions according to policies. Approves loans within authorized limits or refers them to a loan committee for approval. May disburse loan proceeds at designated project mile. Requires a bachelor's degree. Typically reports to a manager. The Construction Loan Officer occasionally directed in several aspects of the work. Gaining exposure to some of the complex tasks within the job function. To be a Construction Loan Officer typically requires 2 -4 years of related experience. (Copyright 2024 Salary.com)... View full job description

Employers: Job Description Management Tool

See user submitted job responsibilities for Construction Loan Officer.

Salary.com job board provides millions of Construction Loan Officer information for you to search for. Click on search button below to see Construction Loan Officer job openings or enter a new job title here.

Job Openings for Construction Loan Officer
  • About the team. Zillow Home Loans is on the front lines of radically redefining how consumers buy, sell, and finance homes. We seek to transform the consum...
    - 4 Days Ago
  • About the team. Zillow Home Loans is on the front lines of radically redefining how consumers buy, sell, and finance homes. We seek to transform the consum...
    - 4 Days Ago
  • About the team. Zillow Home Loans is on the front lines of radically redefining how consumers buy, sell, and finance homes. We seek to transform the consum...
    - 4 Days Ago
  • About the team. Zillow Home Loans is on the front lines of radically redefining how consumers buy, sell, and finance homes. We seek to transform the consum...
    - 4 Days Ago
  • Mahalo for your interest in this role. Please see the full position description below and click Start Your Application when ready. For more information abo...
    - 1 Day Ago

Career Path for Construction Loan Officer

A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.

For Construction Loan Officer, the first career path typically progresses to Construction Loan Manager.

The second career path typically progresses to Community Reinvestment Officer.

The third career path typically progresses to Middle Market Lending Manager.

Additionally, the fourth career path typically starts with a Lending Officer III position, and then progresses to Vice President of Lending.

Those that have already made the climb...
Pamela J. Shelley-Kessler, Co-President, Chief Financial Officer and Corporate Secretary
LTC is a real estate investment trust (REIT) investing in seniors housing and health care properties primarily through sale-leasebacks, mortgage financing, joint-ventures and structured finance solutions including preferred equity and mezzanine lending. LTC's investment portfolio includes 208 properties in 27 states wi... More
Fiscal Year Ended in 2022
Not the job you're looking for? Search more salaries here:
See if your skills match up? Check skills for Construction Loan Officer

Are you an HR manager or compensation specialist?

Salary.com's CompAnalyst platform offers:

  • Detailed skills and competency reports for specific positions
  • Job and employee pricing reports
  • Compensation data tools, salary structures, surveys and benchmarks.
Learn about CompAnalyst

Construction Loan Officer salary varies from city to city. Compared with national average salary of Construction Loan Officer, the highest Construction Loan Officer salary is in San Francisco, CA, where the Construction Loan Officer salary is 25.0% above. The lowest Construction Loan Officer salary is in Miami, FL, where the Construction Loan Officer salary is 3.5% lower than national average salary.

City, State Compared to national average
City, State San Francisco, CA Compared to national average
+ 25.0%
City, State Washington, DC Compared to national average
+ 11.3%
City, State Miami, FL Compared to national average
-3.5%
City, State Chicago, IL Compared to national average
+ 4.9%
City, State Boston, MA Compared to national average
+ 12.1%
City, State New York, NY Compared to national average
+ 16.8%
City, State Dallas, TX Compared to national average
-1.3%

Take just three simple steps below to generate your own personalized salary report

Step 1 of 3

Understand the total compensation opportunity for a Construction Loan Officer, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
83293
129809
109007

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
88149
150500
119820
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Construction Loan Officer in the United States. The base salary for Construction Loan Officer ranges from $83,293 to $129,809 with the average base salary of $109,007. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $88,149 to $150,500 with the average total cash compensation of $119,820.
Step 2 of 3

Discover how your pay is adjusted for skills, experience, and other factors

How much should you be paid?

For a real-time salary target, tell us more about your role in the four categories below.

83293
129809

 

Step 3 of 3

How much should you be paid?

View the Cost of Living in Major Cities

Skills associated with Construction Loan Officer: Due Diligence, Loan Authorization, Loan Software, Risk Analysis ...More

Recently searched related titles: Director Of Brewing Operations

Jobs with a similar salary range to Construction Loan Officer : Construction Loan Administrator

Salary estimation for Construction Loan Officer at companies like : DHL Supply Chain, Nnn Care Two LLC, USA & e Electronics LLC

Jobs with a similar salary range to Construction Loan Officer : Entry Level Computer Engineer

Construction Loan Officer Salary in United States
Construction Loan Officer Salary Graph, Regional Distribution and Summary